Hmong American Peace Academy Ltd
- Assets
- $62.1m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 187
- Location
- Milwaukee, WI
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 39-2041099
Organization Overview
Hmong American Peace Academy Ltd is located in Milwaukee, WI. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hmong American Peace Academy Ltd employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hmong American Peace Academy Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Hmong American Peace Academy Ltd generated $22.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $15.5m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HMONG AMERICAN PEACE ACADEMY LTD. IS A NON-PROFIT CHARGER SCHOOL PURSUANT TO A CONTRACT WITH THE MILWAUKEE BOARD OF SCHOOL DIRECTORS. THE PURPOSE OF THE ORGANIZATION IS TO SERVE THE HMONG COMMUNITY BY PROVIDING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL SERVICES TO STUDENTS WHILE PRESERVING THE HMONG CULTURE AND LANGUAGE BUT EMBRACING AMERICAN VALUES TO PROVIDES OPPORTUNITIES FOR SUCCESS AS AMERICAN CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE HMONG COMMUNITY BY PROVIDING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL SERVICES TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Her-Xiong Executive Di | Officer | 40 | $226,587 |
Mai Shoua Xiong Hr Director | 40 | $138,762 | |
Jason Handal Chairman | OfficerTrustee | 4 | $0 |
Daniel Gentges Vice Chairma | OfficerTrustee | 4 | $0 |
Robert Fisher Secretary | OfficerTrustee | 4 | $0 |
Dave Smith Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,234,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $742,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,976,735 |
| Total Program Service Revenue | $164,832 |
| Investment income | $38,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,180,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,565 |
| Compensation of current officers, directors, key employees. | $144,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,233,226 |
| Pension plan accruals and contributions | $398,151 |
| Other employee benefits | $1,591,559 |
| Payroll taxes | $574,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,976 |
| Fees for services: Accounting | $39,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248,203 |
| Advertising and promotion | $0 |
| Office expenses | $123,719 |
| Information technology | $470,957 |
| Royalties | $0 |
| Occupancy | $1,015,830 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,603,886 |
| Insurance | $123,928 |
| All other expenses | $2,261 |
| Total functional expenses | $15,502,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,981,630 |
| Savings and temporary cash investments | $6,771,636 |
| Pledges and grants receivable | $5,009,683 |
| Accounts receivable, net | $30,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,198 |
| Net Land, buildings, and equipment | $37,051,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,553 |
| Total assets | $62,055,663 |
| Accounts payable and accrued expenses | $2,575,688 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $27,052,601 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,628,289 |
| Net assets without donor restrictions | $32,427,374 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,055,663 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hmong American Peace Academy Ltd has recieved totaling $301,155.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $100,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: GREEN SPACE TRANSFORMATION | $50,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $50,000 |
City Forward Collective Inc Milwaukee, WI PURPOSE: PROVIDE SUPPORT FOR THEIR TEACHER RECRUITMENT AND RETENTION INITIATIVE | $50,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: GREEN SPACE TRANSFORMATION | $50,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Chicago Schools Chicago, IL | $13,709,561 | $40,280,655 |
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Three Pillars - An Educational Services Provider Royal Oak, MI | $4,279,920 | $27,789,586 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
Intrinsic Schools Chicago, IL | $39,836,849 | $21,177,530 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |